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Search Results 0 to 13 of about 14 (some duplicates have been removed)
. today the debt ceiling is $16.3 trillion which is less than our debt. the treasury can use extraordinary measures to raise an extra $200 billion. those extra funds will only last until about mid february or early march according to the bipartisan policy center. good luck trying to explain this to conservative talk radio show host, rush limbaugh. >> i think it's a debt limit as your monthly credit card limit. you can't go over it on your credit card. and the united states government can't spend more than what its credit limit is or its debt limit. now ali velshi at cnn says that has no relation to spending. >> that's right, rush, the debt ceiling was create sod the congress wouldn't constantly need to authorize congress to borrow to raise more money. it doesn't authorize any new spending it authorizes payment. it does not increase deficits. it allows the treasury to pay for the things that the u.s. government has already bought. if the congress doesn't raise the debt ceiling. treasury won't be able to pay the bills and the u.s. government will start defaulting on some of its obligations.
the debt ceiling. treasury officials say it's illegal to mint a coin for a purpose like that. >>> he's considered one of the greatest cyclists of all-time but hanging over his head are charges of doping to achieve that success. well now lance armstrong may be coming clean about drug use during his tour de france races. abc news reporter mark greenblat has the latest. >> in his last interview with oprah nearly two years ago, lance armstrong got a hero's welcome. now disgraced and labeled as a cheater, he will face a much tougher audience when he sits with her again. but if, as expected, armstrong confesses to doping, it would likely come only after the statute of limitations on perjury charges ran out. following this strong denial under oath. >> i just want to make sure your testimony is clear. if it cannot be any clearer that i've never taken drugs. >> still an about-face could land hem in serious hot water. he's still facing an ongoing federal whistle blower's suit that's tightly under seal and another investigation from a british newspaper and from a promoter that wants $7.5 millio
to raise the debt ceiling. treasury officials say it's illegal to mint a coin for a purpose like that. >>> he's considered one of the greatest cyclists of all-time but hanging over his head are charges of doping to achieve that success. now lance armstrong may be coming clean about drug use during his tour de france races. abc news reporter mark greenblat has the latest. >> in his last interview with oprah nearly two years ago, lance armstrong got a hero's welcome. now disgraced and labeled as a cheater, he will face a much tougher audience when he sits with her again. but if, as expected, armstrong confesses to doping, it would likely come only after the statute of limitations on perjury charges ran out. following this strong denial under oath. >> i just want to make sure your testimony is clear. if it can't be any clearer that i've never taken drugs. >> still an about-face could land hem in serious hot water. he's still facing an ongoing federal whistle blower's suit that's tightly under seal and another suit from a british newspaper and from a promoter that wants $7.5 million off.
carrier. the less expensive version would have a plastic body. >>> the debt ceiling, new treasury secretary, will washington be an on stockles to the market and the economy or will washington be a help? joining me now is geg i and author of "the economist" and jerry webman, chief economist at oppenheimer funds. thanks for joining us. >> hi. >> greg, let me kick this up with you. president obama's pick for treasury secretary, chief of staff, jack lew, will take over for timothy geithner. is this a missed opportunity to be friendly to business, the business community, or is this a new call since it appears that nobody on earth knows this better than mr. lew. >> well, i think jamie dimon would build business between the community which feels a little bit alienated by the administration's first-term policies and mr. obama. but what they got is a guy -- not one of them, but does know the budget really well and the clearly the main challenge on the economic front for the first year is going to be on the fiscal front. insofar as jack lew has the trust of the president is in power to make
's not going to use his executive powers to raise the debt ceiling. treasury department on saturday said we're not going to be minting a trillion-dollar coin to help meet the government's spending obligations. so that means the debt ceiling is going to have to be raised by congress. how ugly is this fight going to get? >> it's going to -- i agree with peter. it's probably going to be worse than what we saw in 2011. despite -- the white house has been very casual about this saying the president's not going to negotiate over the debt ceiling, he did that in 2011, he's not going to do that again, they've tried to rally business to their side, business leaders to their side so that they can box in republicans on this issue when it comes up, but the bottom line is there are a number of things that republicans want, particularly after they didn't get the kinds of spending cuts that they wanted out of the fiscal cliff deal at the end of the year, and they're going to use the debt ceiling as their leverage. and interesting -- one interesting thing to watch for in all this is how the republican lead
dollar coin to avoid getting around the debt ceiling. some lawyers and economists suggested a plan in which the treasury simply administered a coin worth a trillion dollars and have it deposit intoed federal reserve. that would allow continued spending in the absence of a vote to raise the debt ceiling. >>> back in action, the nhl lockout is officially over. when the players will be hitting the ice again. >>> it's getting colder in the bay area. how long will it last? meteorologist mark tamayo is up next with when warmer weather is expected to move in. i have evidence that proves my dad's a space alien. he speaks a weird uage. [ gargling ] [ gargling ] he drinks green stuff. he says he's from albuquerque. i'm not buying it. i mean, just look at him. and one more thing -- he has a spaceship. [ whirring ] the evidence doesn't lie. my dad's an alien. [ male announcer ] the highly advanced audi a6. named to car and driver's 10 best. ♪ . >>> well, the bay area still locked in this frigid weather pattern for the third night in a row. we're still talking about freeze warnings and frost
. >>> the treasury department says it will not menta trillion dollar coin to avoid getting around the debt ceiling. some lawyers and economists suggested a plan in which the treasury simply administered a coin worth a trillion dollars and have it deposit intoed federal reserve. that would allow continued spending in the absence of a vote to raise the debt ceiling. >>> back in action, the nhl lockout is officially over. when the players will be hitting the ice again. welcome se my lcret d you are?air.an your worst nightmare mr. box. since you foolishly brought back your bonus jack! i have copied your two pure beef patties, lettuce, melting cheese, pickles, and middle bun, plus fries and a drink for $4.49. and now you will tell me what is in your secret sauce!! uh, i think i know. "we all know," "pretty obvious." you couldn't tell me when i handed out the wiener-dog lasers!?! u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we kn
over the federal debt ceiling which has already been reached and reached by the treasury department. lawmakers saying that the bookkeeping will be exhausted. they will have to default on its debt or shut down major expenditures. this is also important because it is the same week that the president will deliver his state of the union address. next monday is the president's inauguration. he will outline his second term agenda. on the issue of immigration, gun control, and spending likely to come during the state of the union. v is joining us on the republican online. caller: first of all, is it too much for you to read from the washington times? i know you have low information voters that cannot understand much of anything. we read from that every morning, it just does not come out on sunday. caller: you read more from the liberal rags than you do from the washington times. as far as obama is concerned, this will be an impeachable forced to deal with. unfortunately, the republicans do not have the kahunas to go after this guy. they are no different from the democrats. as far as i am c
with congress over raising the debt ceiling. the u.s. has reached borrowing limit it did so last week by late february or early march. the treasury department will run out of ways to cover its debt and could begin defaulting. the pentagon looking at a request from france for drone support. france wants the assistance as its military takes on al qaeda linked terrorists terrorists in. french troops drive back rebels take back control of big chunk of west african nation. turning now to the civil war raging in syria. international efforts to hold the syrian government responsible for war crimes now. more than 50 nations backing a plane conflict to the international criminal court. this as rebel forces and syrian troops battle for control of key territory outside of syria's capital damascus. the u.n. estimating now 60,000 people have conor powell has the latest russia announcing today it continues to support u.n. backed peace efforts but also undermining those efforts by saying that the removal of president assad from power cannot be a precondition to talks. this comes as rebels have taken control
and deposit it to the federal reserve to step aside of a fight with the debt ceiling and and after the treasury department issued a statement saying that quote, neither the treasury department nor the federal reserve believes the law can or should be used to facilitate the production of platinum coins to avoid the increase in the debt limit. and finally a quick personal update, i'll be in baltimore on wednesday to talk about my book "twilight of the elites." a chapter about the steroids era in baseball and i'll be at pratt library. >>> and you should know aaron schwartz has died of suicide at age 26. his body was found in his apartment on friday. aaron was one of those naturally brilliant precocious hackers who at the age of 14 codeveloped the syndication of rss web protocol and is a key component of the we be's infrastructure. he founded a company to merge with a user generated social site which is one of the most highly trafficked. reviewed doz. he wrote beautifully and prolifically. he worked with progressive change committee and founded demand progress to keep the internet open
take the debt ceiling off the table. but if not mint the darn coin." 24 hours later, the treasury department said no way. it's not going to happen and closed the doors. make the case for why you were for it. >> the thing you have to understand, the debt ceiling is a fundamentally stupid and -- but dangerous thing. we have congress that tells the president how much he must spend, tells him how much he's allowed to collect in taxes. he says okay there's a difference there. i've got to borrow it. no, you can't borrow it. so the whole debt ceiling thing itself is a crazy thing and forces the president to do something illegal. either to defy congress on what it told him to spend or defy them on borrowing and told him not to and have the weird loophole which everyone agrees is crazy. but is a loophole that says that the secretary of the treasury can mint a coin for any amount which is supposed to be for commemorative pieces but does avoid -- does offer a way to bypass this and all that's really doing is the way to bypass the debt ceiling. it isn't even printing money but saying, hey, we
get the u.s. government past the immediate stumbling block of the failure to raise the debt ceiling. that's a legal matter. as a political matter, i think it's basically a nonstarter because it seems comical and it seems ridiculous. >> bruce, you suggest an alternate strategy which is one bill clinton has talked about and colombia law professors do. which is the president should essentially say, i have the implicit authority to raise the debt ceiling without congress, correct? >> that's right. of course, i'm not a legal scholar, but i do oppose the existence of the debt limit. i even testified before the senate finance committee that we should get rid of it. i think it's a dreadful left over from ancient history that simply creates opportunities for hostage taking by congress, such as the one we're facing right now and our foreign policy, we don't negotiate with hostage takers for a very good reason and i think that we need to get rid of this debt limit. but i'm perfectly willing to go along with the trillion dollar coin, if that's what's necessary to prevent this hostage from being
raising the debt ceiling. the u.s. already reached its borrowing limit and could begin defaulting on government loans by late february or early march. i'm marianne rafferty. now, back to "geraldo at large." for all your latest headlines log on to fox news .com. braps decided by a judge who will listen to the evidence beginning on the 13th day of february. and he will make that decisiond based upon all of the evidenc that is being presented. >> give be the fact that the two alleged perpetrators the principal people involved werel members of the exhalted football team is isn't it fair to say that the case has been handled differently than if, say, they were members of the chess squad? >> i really don't think so. i know that allegation has been made but i have seen nothing is the investigation that we would have s handled this any differently. it would not have been any different no matter who it was. >> granted you still have someo interviews to conduct but it sounds from the tone that you have concluded there are two people perpetrators involveder and only two? >> in regard to >> i
Search Results 0 to 13 of about 14 (some duplicates have been removed)